Operations Management and Data Analytics Modelling

Economic Crises Perspective

Lalit Kumar Awasthi, Sushendra Kumar Misra, Dilbagh Panchal, Mohit Tyagi, Lalit Kumar Awasthi, Sushendra Kumar Misra, Dilbagh Panchal, Mohit Tyagi

• Publisher: CRC Press
• Year: 2021
• Print ISBN: 9780367754518
• eBook ISBN: 9781000530773
• Edition: 1
• Topic: Business
• Subtopic: Operations
• Index: Business

Operations Management and Data Analytics Modelling: Economic Crises Perspective addresses real operation management problems in thrust areas like the healthcare and energy management sectors and Industry 4.0.

It discusses recent advances and trends in developing data-driven operation management-based methodologies, big data analysis, application of computers in industrial engineering, optimization techniques, development of decision support systems for industrial operation, the role of a multiple-criteria decision-making (MCDM) approach in operation management, fuzzy set theory-based operation management modelling and Lean Six Sigma.

Features

• Discusses the importance of data analytics in industrial operations to improve economy
• Provides step-by-step implementation of operation management models to identify best practices
• Covers in-depth analysis using data-based operation management tools and techniques
• Discusses mathematical modelling for novel operation management models to solve industrial problems

This book is aimed at graduate students and professionals in the field of industrial and production engineering, mechanical engineering and materials science.

1Measuring Banking Sector EfficiencyA Malmquist Approach

Manoj Kumar Mishra¹ and Vikas Deepak Srivastava²

¹ Professor of Economics and Statistics, British American University Florida, Benin Campus, West Africa

² Assistant Professor of Economics and Management, JJT University Rajasthan, India

DOI: 10.1201/9781003181644-1

1.1Introduction

Banks and finance are two essential ingredients for scripting the success growth story of any economy. They are complementary, forming the backbone of emerging economies. The Indian banking sector has been subjected to a slew of structural and institutional reforms, particularly in the neoliberal phase of banking reforms spanning that period, after the subprime financial crisis of international lending sectors. During the last decade, the role of Indian commercial banks has had a substantial vigorous uptick, so that India has become a leader of the fastest-growing economies of the world. The digital revolution has given banks a new flavor of digital world leaders, paving the way towards new dimensions of cost-effectiveness challenges and opportunities. The spillovers of the global slowdown have been seeping down through the Indian economy, hitting hard the profitability acumen of banking giants like State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BOB). This clearly supports the premise that there is a strong connection between banking instability and cyclical downtrend of the economy. Undeniably, it is difficult to imagine the prosperity of trade, industry, commerce and even the lifeline of all these major components of the Indian economy, the agriculture sector, without the custodian part played by the country’s commercial banks.

In recent years incipient profitability and the stalking fear of insolvency of banking cheerleaders have prompted action-packed dramas like mergers, restructuring banking codes in the form of structural banking reforms, and so on. The continuum of disequilibrium of assets and liabilities triggered alarm and resulted in enactment of a stressed assets policy response in June 2019. Despite all these odds, running parallel to the banking system, the cashless economy dream of India is shaping up with a great deal of enthusiasm on the part of the banking sector. This is evident from a steady rise in the volume of retail payments through electronic payment interfaces, from 92.6% in 2018 to 95% in 2019. Enhancing the Indian growth trajectory with sustainable expansion in income, consumption and investments are key points that the banking system must deal with in current global financial contagion channels. The core objectives of recent banking policy resolution are to tame the ramping-up bank stressed assets class by strategically ringfencing the banking system. All these policy responses have begun to show a somewhat silver lining in terms of quantitative reduction in gross bank non-perform...

Table of contents

• Cover
• Half-Title Page
• Title Page
• Copyright Page
• Dedication
• Contents
• Preface
• Contributors
• Organization of the Book
• Brief Introduction of Editors
• 1 Measuring Banking Sector Efficiency: A Malmquist Approach
• 2 A Hybrid MCDM Model Combining Entropy Weight Method with Range of Value (ROV) Method and Evaluation Based on Distance from Average Solution (EDAS) Method for Supplier Selection in Supply Chain Management
• 3 Quality Loss Function Deployment in Fused Deposition Modelling
• 4 Effect of Physical Attributes of Coconut on Effective Husk Separation: A Review
• 5 Selection of Features and Classifier for Controlling Prosthetic Devices
• 6 An Intelligent Solution for E-Waste Collection: Vehicle Routing Optimization
• 7 Identification of Most Significant Parameter in Estimation of Solar Irradiance at Any Location: A Review
• 8 Assessment of Sustainable Product Returns and Recovery Practices in Indian Textile Industries
• 9 Integrating Reliability-Based Preventive Maintenance in Job Shop Scheduling: A Simulation Study
• 10 Prioritizing Circular Economy Performance Measures: A Case of Indian Rubber Industries
• 11 Fuzzy FMEA Application in the Healthcare Industry
• 12 Drivers of Industry 4.0 in a Circular Economy Initiative in the Context of Emerging Markets
• 13 Strategies to Manage Perishability in a Perishable Food Supply Chain
• 14 Six Sigma: Integration with Lean and Green
• Index